Al Dhafra Petroleum is a result of Joint Venture and Field Entry Agreement that was marked in 2012 between Abu Dhabi National Oil Company (ADNOC), Korea National Oil Corporation (KNOC) and GS Energy Group, where ADNOC claims 60% and KNOC and GS Energy share the staying 40% under the portrayal of Korea Abu Dhabi Oil Corporation (KADOC) in the U.A.E. The 30 year understanding for improvement of two coastal concession pieces and one seaward concession square makes Republic of Korea the seventh remote country to create Abu Dhabi unrefined.The Concessions were conceded by the Abu Dhabi government on 5 March 2012 with an aggregate territory of 11,559 sq.km. Range 1 and 2 are situated in the SE and SW coastal individually and Area-3 is situated in the NW seaward from Abu Dhabi. The territory to be investigated is 10% of the emirates landmass and contains a few found fields, and extra hydrocarbon potential from the three concession zones, Area 1, Area 2 and Area 3.
Al Dhafra Petroleum was authoritatively settled as a free lawful element compliant with the Amiri Decree issued by H.H Sheik Khalifa receptacle Zayed Al Nahyan, President of UAE, on December 10, 2013. In this way, H.E. Abdulla Nasser Al Suwaidi was named as the Chairman of the Board of Directors. The Board was constituted from individuals named from ADNOC and KADOC. The CEO, Shaheen Al Mansoori, together with the official administration group were selected in the main quarter of 2014 to deal with the matter of the organization.
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Industry: Oil and Gas
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